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Competing with asking prices
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10009696885
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Competitive and segmented informal labor markets
Günther, Isabel (contributor); Launov, Andrey (contributor) - 2006
It has been recently argued that the informal sector of the labor market in a developing economy shows a dual structure with one part of it being competitive to the formal sector and another part being the result of market segmentation. To test this hypothesis we formulate an econometric model...
Persistent link: https://www.econbiz.de/10003474216
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Add-on pricing, naive consumers, and the hidden welfare costs of education
Kosfeld, Michael; Schüwer, Ulrich - 2011
is sufficiently well informed about consumer and firm behavior. -- bounded rationality ; competition ; regulation …
Persistent link: https://www.econbiz.de/10009516903
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A theory of price adjustment under loss aversion
Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014
an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility …
Persistent link: https://www.econbiz.de/10010350414
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The impact of trade liberalization on firms' product and labor market power
Dobbelaere, Sabien; Wiersma, Quint - 2020
This paper examines the impact of trade liberalization on firms' product and labor market power. We estimate the prevalence and intensity of firm-level price-cost markups and either wage markups or wage markdowns. We take the dependence between these model-consistent measures of product and...
Persistent link: https://www.econbiz.de/10012169328
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Price and saliency in health care: when can targeted nudges change behaviors?
Walker, Brigham - 2020
This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health services. A large employer e-mailed individually-targeted health education encouraging high-value care to high-risk employees. Weeks before the program launched, a company...
Persistent link: https://www.econbiz.de/10012314696
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Where to look for the morals in markets?
Sutter, Matthias; Huber, Jürgen; Kirchler, Michael; … - 2016
Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact, competitive pressure on markets may create strong...
Persistent link: https://www.econbiz.de/10011518078
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Tracking when ranking matters
Landaud, Fanny; Maurin, Eric - 2022
This paper investigates the effect of grouping students by prior achievement into different classes (or schools) in settings where students are competing for admission to programs offering only a limited number of places. We first develop a model that identifies the conditions under which the...
Persistent link: https://www.econbiz.de/10013170260
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The persistent effect of competition on prosociality
Kosse, Fabian; Rajan, Ranjita; Tincani, Michela M. - 2023
We present the first causal evidence on the persistent impact of enduring competition on prosociality. Inspired by the … competition period. 4-year follow-up data indicate that the effect persists and generalizes, suggesting a change in traits and not …
Persistent link: https://www.econbiz.de/10014428113
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Human capital investment with competitive labor search
Kaas, Leo (contributor); Zink, Stefan (contributor) - 2008
We study human capital accumulation in an environment of competitive search. Given that unemployed workers can default on their education loans, skilled individuals with a larger debt burden prefer riskier but better paid careers than is socially desirable. A higher level of employment risk in...
Persistent link: https://www.econbiz.de/10003759353